Gold, Silver and Crude Oil thread

[fibonelli]

GEAB N°26 is available! LEAP/E2020 Summer 2008 Alert – July-December 2008: The world plunges into the heart of the global systemic crisis

The English version is slightly lost in translation. The definitive version is the French one.

 

[sujithsstorock]

Buy gold @ 902 $. Stoploss 895.2 $. Target 915-918-922-928. Trail stoploss to keep profit.

 

[Hook Shot]

Interesting to see long term P&f on gold since the lows......... which seems to show two legs up and two pullbacks. The first of $180 (720 down to 540 roughly) and the second is happening now and if we use 1030HI then the floor at 850 would give equality ... some charts use 1020 and so the floor becomes 840 for equality...

So what ? It could mean we might be ready to resume the upside with new highs ??? Yes there are bearish indications out there but so long as 840/50 holds I can't get too skittish! I'm watching to see if we can "regain" 900....

Prices are for spot Gold.

Kitco - Commentaries - Merv Burak CMT

 

[faro0485]

Let me know if anyone here is starting to hoard silver like a crazy person.

 

[fibonelli]

I go on holiday for two weeks and this BS happens.

What’s behind the Slide in
Oil and Commodities?

"Urgent Action Required" by Andy Sutton, FSU Editorial 07/25/2008 Article about the American Housing Rescue and Foreclosure Prevention Act of 2008

 

[Mr.J-Arthur]

Yeah, oh well. Gold and oil coming off of the highs...just be ready to take a short position! or a long, who knows what will happen.

 

[magma]

Well yeah now a day's gold and oil's pricing touching the sky

 

[fibonelli]

Yesterday there was a v nice long setup off S @ *894-896,TL support, Bullish Regular Divergence and a completed 5 wave formation on the 4hr chart.

*i.e. obvious stops @ 900 or just below were rinsed away.

 

[JTrader]

What has crude oil got to do with gold prices?- Money & You-The Sunday ET-Features-The Economic Times

 

[fibonelli]

Background Info

CMBX Clusterf*** continues.

Not sure if a safety bid will occur on G, S or C when the equity boys and girls figure out that the exit door is ever so tiny.

Historical CMBX Graphs

 

[jm99]

gc comex monthly.

back in the support zone that has supported this gold rally, a =c since march highs also.

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[fibonelli]

OpEx fun and games.

Bounce off 773 support line (see post #65 on page 7) and also 772-776 support zone for Gold Futures continuation contract (see post #57 on page 6).

 

[fibonelli]

Latest Spot Gold weekly.

Two Ascending TrendLines broken.

A barely definable HnS. Price Projection of (773 - (1033-773))= 513.

Interestingly, 513 would be just below 50% of the ATH and just below congestion area support and the 61.8% retrace of the upmove from 1999.

 

[fibonelli]

Financial Sense Newshour Expert ~ Bud Burrell 10.11.2008
Bud Burrell
Topic: What's Wrong with This Picture?
An interesting one hour audio discussion of Paper / Physical PMs.

 

[TEAMTRADER]

Possible Bottom In Gold

Their is a possible bottom in gold signalled on my 4hr chart. Just a heads up to those who are shorting it.
TEAMTRADER

 

[fibonelli]

Extreme price forecast.............

Oil-to-hit-25-a-barrel-as-global-recession-deepens

That $200 prediction by the other jokers didn't work out so well. :whistling

 

[KitcoPinkPanther]

Extreme price forecast.............

Oil-to-hit-25-a-barrel-as-global-recession-deepens

That $200 prediction by the other jokers didn't work out so well. :whistling

Merrill Lynch are wrong most of the time. When pices are extreme high, they predict it will go higher. Now price are at extreme low, they predict it will down further. Check their record.

Crude should turn up from around this level.

 

[montmorencyt2w]

You'd think ... but people probably thought it would turn up from $50 - a very strong psychological level, I would have thought.

I would not be surprised if it turned back up, but I would also not be surprised if it went down to $30. We would then be wondering again what would happen


Regards,
M.

 

[almasri]

wats going on guys, is there anymore signals?

 

[fibonelli]

wats going on guys, is there anymore signals?

My signals (and charts) are proprietary, I am not able to reveal them.